What is the best way to securely store Monero after converting from BTC?

3 answers

• Dec 29, 2021 · 3 years ago
  One of the best ways to securely store Monero after converting from BTC is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to gain access to your funds. Some popular hardware wallets that support Monero include Ledger Nano S and Trezor.
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• Dec 29, 2021 · 3 years ago
  If you prefer a software wallet, you can consider using the official Monero GUI wallet. It allows you to store your Monero securely on your computer. Make sure to download the wallet from the official Monero website and follow the recommended security practices, such as using a strong password and enabling two-factor authentication.
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• Dec 29, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware and software wallets for maximum security. By storing the majority of your Monero in a hardware wallet and keeping a smaller amount in a software wallet for daily transactions, you can minimize the risk of losing all your funds in case of a security breach. Remember to always keep your wallet software and firmware up to date to protect against any potential vulnerabilities.
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